A gold medal is now worth close to $2,000 (€1,690) according to its analysts – compared with just under $500 in 2018. [ Gold prices have rocketed, and when that happens it is time to worryOpens in new window ]As worries about inflation and a faltering global economy have grown over the past year, the value of gold and silver has surged. “What has changed the fundamental plumbing is ‘de-dollarisation’,” says Stephen Flood of Dublin-based gold and silver bullion dealer GoldCore. This, he says, is the reason for the headlong rush into gold and silver. Norman says “some of the froth” did come off gold in recent weeks following Trump’s walkback on Greenland.

Source: The Irish Times February 17, 2026 13:32 UTC